The quarter ending in September has been the biggest fund-raising quarter ever for Vice President Kamala Harris as her campaign managed to raise $1 billion in three months — $378 million in September alone. And Trump campaign in September raised $160 million — despite the backing of the world’s richest man Elon Musk.
According to an NYT report, Harris campaign entered October with $348 million on hand and Trump campaign with $283 million.
Kamala Harris was seen as the winner of the ABC News presidential debate and every month since June, when Joe Biden opted out of the presidential race, Harris out-raised and outspent Trump.
Previous record-holder is Joe Biden
The previous record for the highest fund-raising quarter across all party committees is probably held by Joe Biden in the third quarter of 2020 when his campaign raised $888 million. September fund this year is less that September 2020 for both Biden-Harris and Donald Trump.
Trump has consistently raised less money than his 2020 run, NYT reported and attributed it to the struggle that his low-dollar fund raising apparatus is doing to keep up with the pace four years ago. Trump campaign is resorting to some cash crunch measures — by offloading some traditional campaign expenditures.
The Democratic National Committee had $46.6 million on hand after spending some $102 million during September.
Big donors for Harris
The main big-money pro-Harris group is Future Forward but her campaign did not disclose the biggest donor. A few Democratic billionaires disclosed eight-figure checks to Future Forward in September: The Facebook co-founder Dustin Moskovitz and the crypto billionaire Chris Larsen gave about $10 million each, and Gov. J.B. Pritzker of Illinois gave $5 million.
Big donors for Trump
Timothy Mellon, the heir to the Gilded Age banking fortune, put $25 million more into a pro-Trump super PAC, MAGA Inc. Mellon has now donated a staggering $150 million this cycle to that group, which entered October with $59 million on hand. Mr. Trump’s recently appointed transition co-chair, Linda McMahon, also donated $5 million.
